of the International Monetary Fund (IMF) headed by Mr. Thomas Richardson,
Deputy Division Chief, Northeastern Division (Belarus, Moldova, Norway and
Russia) in the IMF’s European Department, visited Chişinău during April 25 –
May 8, 2007. This was the second review mission under Poverty Reduction and
Growth Facility (PRGF).
assessed performance over the previous six months in implementing
macroeconomic policies and structural reforms agreed in the Memorandum on
Economic and Financial Policies (MEFP), of November 29, 2006, and held
discussions on the Government’s and the National Bank’s MEFP for the next
6-month period. The mission was pleased to note that performance under the
program so far has been positive.
reached a preliminary agreement with the Moldovan authorities on a MEFP for
the remainder of 2007. This agreement, as always, will need to be reviewed by
the IMF Management, following which it will be submitted to the IMF’s
Executive Board for consideration. It is hoped that the IMF Executive Board
will be able to consider this proposed agreement in late June 2007.